ChainCatcher reported, citing Arkham monitoring, that about one hour ago BlackRock deposited a total of 7,245 ETH into a Coinbase Prime hot wallet address. The monitored transfer was valued at $12.6 million.
The sending entity was identified as BlackRock, while the receiving address was described as a Coinbase Prime hot wallet address. ETH is the native asset of the Ethereum network, and Coinbase Prime is a crypto asset service platform used by institutional clients. The report did not disclose any further use of the deposited ETH or any related transaction arrangement after the transfer.
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